Youths Friends Association Inc
- Assets
- $9.1m
- Revenue
- $706.6k
- Investments
- $8.6m
- Employees
- 0
- Location
- Gloucester, MA
- Founding
- 07/1952
- Data as of
- 12/2021
- EIN
- 13-6097828
Organization Overview
Youths Friends Association Inc is located in Gloucester, MA. The organization was established in 1952. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youths Friends Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Youths Friends Association Inc generated $706.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $695.9k during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peta Smit Santos President | 9 | $12,500 | |
Stephen C Smit Treasurer | 5 | $10,500 | |
Alix Smit Director | 2 | $500 | |
Robert V Kirchen Director | 2 | $500 | |
Lisa Smit Director | 2 | $500 | |
Helen S Kirchen Vice President | 5 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $325,730 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $395,495 |
| Capital Gain Net Income | $395,495 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$14,601 |
| Total Revenue | $706,624 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,199 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $776 |
| Printing and publications | $0 |
| Other expenses | $5,333 |
| Total operating and administrative expenses | $89,931 |
| Contributions, gifts, grants paid | $606,000 |
| Total expenses and disbursements | $695,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,138 |
| Savings and temporary cash investments | $519,055 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,616,230 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,143,787 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Youths Friends Association Inc has awarded $606,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRANTS-YOUTH PROGRAMS PURPOSE: YOUTH PROGRAM GRANTS | $561,000 |
COLLEGE SCHOLARSHIPS PURPOSE: COLLEGE SCHOLARSHIPS | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harc Inc Hartford, CT | $9,020,938 | $21,432,465 |
Community Action Programs Inter-City Inc Chelsea, MA | $5,352,397 | $12,740,283 |
North Shore Community Action Programs Inc Peabody, MA | $2,572,434 | $10,364,701 |
Bridgeport Rescue Mission Inc Bridgeport, CT | $13,115,904 | $7,507,161 |
Community Action Agency Of Somerville Inc Somerville, MA | $3,713,517 | $6,600,399 |
Family Center Inc Brooklyn, NY | $5,076,025 | $6,630,119 |
Child Health And Development Institute Of Connecticut Inc Farmington, CT | $14,669,719 | $19,966,539 |
Marys Meadow At Providence Place Inc Holyoke, MA | $7,290,034 | $5,907,065 |
Nashua Center Nashua, NH | $2,054,563 | $6,528,352 |
Community Action Program For Madison County Inc Morrisville, NY | $2,954,895 | $4,819,285 |
American Corporate Partners New York, NY | $9,248,208 | $6,198,246 |
Womens Lunch Place Inc Boston, MA | $7,446,341 | $6,100,392 |